Why 2026 could be a surprisingly strong year for CRE credit
Thu Jan 29 2026
What does the CRE credit landscape really look like heading into 2026? Cole Perry is joined by Andy Boettcher, Head of Research at Trepp, to pull back the curtain on bank lending behavior, refinancing risk, extensions, and why fears around the “maturity wall” may be overstated. Drawing on decades of experience from the Federal Reserve to today’s lending data, Andy offers a seasoned, data-driven outlook on where CRE credit is stabilizing, and where it’s still sorting itself out.
Key Moments:
01:53 Andy’s Background and career journey
07:06 From the Fed to Trepp
09:53 Macro and CRE market analysis
16:34 Bank lending vs. CMBS market
25:53 2026 forecast and predictions
27:45 Final thoughts and industry wishes
Resources Mentioned:
Andy Boettcher - https://www.linkedin.com/in/aboettcher/
Trepp - https://www.trepp.com/
Federal Reserve H.8 Report – Weekly Assets and Liabilities of Commercial Banks - https://www.federalreserve.gov/releases/h8/current/default.htm
Federal Reserve Z.1 Financial Accounts of the United States - https://www.federalreserve.gov/releases/z1/
Atlanta Fed GDPNow - https://www.atlantafed.org/cqer/research/gdpnow
New York Fed Staff Nowcast - https://www.newyorkfed.org/research/policy/nowcast
What CREFC Miami revealed about CRE debt markets in 2026 - https://www.altusgroup.com/insights/what-crefc-miami-revealed-about-cre-debt-markets-in-2026
Email us: altusresearch@altusgroup.com
Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.
#CRE #CommercialRealEstate #Property
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What does the CRE credit landscape really look like heading into 2026? Cole Perry is joined by Andy Boettcher, Head of Research at Trepp, to pull back the curtain on bank lending behavior, refinancing risk, extensions, and why fears around the “maturity wall” may be overstated. Drawing on decades of experience from the Federal Reserve to today’s lending data, Andy offers a seasoned, data-driven outlook on where CRE credit is stabilizing, and where it’s still sorting itself out. Key Moments: 01:53 Andy’s Background and career journey 07:06 From the Fed to Trepp 09:53 Macro and CRE market analysis 16:34 Bank lending vs. CMBS market 25:53 2026 forecast and predictions 27:45 Final thoughts and industry wishes Resources Mentioned: Andy Boettcher - https://www.linkedin.com/in/aboettcher/ Trepp - https://www.trepp.com/ Federal Reserve H.8 Report – Weekly Assets and Liabilities of Commercial Banks - https://www.federalreserve.gov/releases/h8/current/default.htm Federal Reserve Z.1 Financial Accounts of the United States - https://www.federalreserve.gov/releases/z1/ Atlanta Fed GDPNow - https://www.atlantafed.org/cqer/research/gdpnow New York Fed Staff Nowcast - https://www.newyorkfed.org/research/policy/nowcast What CREFC Miami revealed about CRE debt markets in 2026 - https://www.altusgroup.com/insights/what-crefc-miami-revealed-about-cre-debt-markets-in-2026 Email us: altusresearch@altusgroup.com Thanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation. #CRE #CommercialRealEstate #Property